What is Whole of Life Cover?

Whole of life Cover, as you’d expect, is an insurance plan that lasts for a whole lifetime, and is not limited to a specific term. If you pass away, this policy will provide a lump sum payment to your family. It can also provide tax-efficient inheritance planning cover for your family, so as not to impact their inheritance.

How does it work?

When you take out a whole of life insurance plan, we’ll help determine the level of cover you need. It will depend on your circumstances and those dependent on you. You will then pay a set amount on a regular basis, usually by direct debit. The policy will then pay out a lump sum to your family, should you die. The premium is also guaranteed never to increase.

Product features

Secure: Life Insurance means your loved ones are financially protected if misfortune strikes.

Tax-efficient: This plan can cover the inheritance tax your family may be liable for if you die.

Flexible: You can choose optional benefits for additional peace of mind.

Considerate: Lump sum payment may be used to cover funeral expenses.

Who is Whole of Life Cover for?

This plan will suit people who wish to have cover for the rest of their life – and not just a specified term. It will appeal to those who have assets that they wish to protect against inheritance tax.

Our advisors are on hand to talk you through your options and to help you find the product that suits you the best.

Request a callback today to speak with one of our financial advisers.

O’Sullivan Insurances, 39 Mitchell Street, Clonmel, Co. Tipperary.